Employers Tip June 2010 –Claim Tax relief for Private Rented Accommodation
Did you know that you are entitled to tax relief at 20% on your rental payments each year?
Tenants paying rent to landlords for private accommodation, excluding rent paid to state institutions or to a local authority, are entitled to claim tax relief for rent paid. A tax credit of 20% of rent paid will be granted subject to certain rental limits.
Under 55 years 55 Years and over
Single €2,000 €4,000
Married €4,000 €8,000
A single person under 55 years paying rent in excel of €2000 in 2009, will be entitled to a maximum tax credit of €400 for 2009 i.e. 20% of €2,000.
To Claim rent relief simply complete the Rent 1 form available in our Download Centre